Hiring Only Those People Who Appear to Fit into the Company's

question 9

Multiple Choice

Hiring only those people who appear to fit into the company's corporate culture:

• A) can lead to a staff with similar backgrounds.
• B) can reduce the potential for groupthink in the company.
• C) will result in increased vitality.
• D) will result in more creativity.

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Definitions:

Payment of Account

The process of settling a liability or an amount owed to a creditor, vendor, or supplier by making a cash or electronic payment.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated as sales divided by average accounts receivable.

Days' Sales in Receivables

A financial metric that estimates the average number of days it takes a company to collect payments after a sale has been made.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.